Phil Knight Net Worth: Nike Fortune Explained

Phil Knight Net Worth: Nike Fortune Explained

Phil Knight net worth is estimated at about $25.7 billion based on Forbes’ real-time billionaire tracker on April 29, 2026. That number is not cash in a bank account. It is an estimate based mainly on Nike shares connected to Knight and his family, plus reported stock-sale proceeds, dividends, investments, and other assets.

Knight is best known as the co-founder of Nike, the company he built with track coach Bill Bowerman from a small shoe-distribution business into the world’s biggest athletic footwear and apparel brand. His fortune has moved sharply since 2021 because Nike’s stock price has fallen from its pandemic-era highs.

This article covers Knight’s latest estimated net worth, 2025 vs. 2026 change, income sources, Nike ownership, Laika, career timeline, assets, philanthropy, public controversies, rankings, similar billionaire comparisons, and why different wealth trackers can show different numbers.

Quick Answer

Phil Knight is an American billionaire businessman, Nike co-founder, and Nike chairman emeritus. His latest estimated net worth is about $25.7 billion as of April 29, 2026.

His main source of wealth is Nike stock connected to Knight family holdings, especially shares held through Swoosh, LLC and related family entities. Estimates vary because Nike’s stock price changes daily, some assets are private, taxes are estimated, and different trackers use different methods.

Net Worth Snapshot Table

CategoryDetails
Full namePhilip Hampson Knight
Known as / nicknamePhil Knight
Estimated latest net worthAbout $25.7 billion
Estimated 2025 net worthAbout $35.4 billion
Change in dollarsAbout -$9.7 billion
Change in percentageAbout -27.4%
Main wealth sourceNike equity and related investment proceeds
CountryUnited States
IndustryConsumer, sportswear, footwear, apparel
Age88
BirthdayFebruary 24, 1938
BirthplacePortland, Oregon, U.S.
NationalityAmerican
Last updatedApril 29, 2026
Confidence levelHigh
Reason for confidence levelKnight’s wealth is largely tied to a public company, Nike, with public filings and real-time market pricing. The exact number is still estimated because private assets, taxes, charitable gifts, and investment proceeds are not fully public.

Basic Info

FieldDetails
Full namePhilip Hampson Knight
NicknamePhil
Age88
BirthdayFebruary 24, 1938
BirthplacePortland, Oregon
NationalityAmerican
ProfessionBusinessman, investor, philanthropist, author
Known forCo-founding Nike
Main industryAthletic footwear, apparel, sports marketing
Public statusBillionaire founder and chairman emeritus of Nike

Phil Knight’s public identity is tied to three big roles: Nike builder, long-term sports-business power figure, and major Oregon philanthropist. He is no longer Nike’s CEO or chairman, but his fortune and public profile remain closely linked to Nike’s market value.

Family and Personal Life

Phil Knight was born to William W. Knight, a lawyer who became a newspaper publisher, and Lota Hatfield Knight. Public biographies consistently connect his upbringing to Portland, Oregon, and to a family environment that valued work, discipline, and independence.

Knight married Penelope “Penny” Parks Knight in 1968. Public sources report that the couple had children, including Travis Knight, who is known for his leadership role at animation studio Laika, and Matthew Knight, who died in 2004. Some public sources list different counts for Knight’s children, so this article avoids adding unsupported private family details beyond widely reported public information.

A privacy note matters here: Knight is a public business figure, but not every family detail is relevant to his wealth. This article does not include private addresses, sensitive family details, or unverified claims.

Education

School / InstitutionDetail
Cleveland High SchoolKnight attended high school in Portland, Oregon.
University of OregonEarned a business degree and ran track.
Stanford Graduate School of BusinessEarned an MBA.
Dropout statusNo public record shows Knight as a college dropout.
Early interestsRunning, business, sports, global trade, entrepreneurship.

Knight’s education shaped Nike directly. At Oregon, he ran track under Bill Bowerman, who later became his Nike co-founder. At Stanford, Knight developed the business idea behind importing high-quality, lower-cost Japanese running shoes to the United States.

That idea became the seed of Blue Ribbon Sports, the company that later became Nike.

Early Life and Background

Knight grew up in Portland and became interested in sports early. His time as a runner at the University of Oregon helped him understand athletes from the inside, not just as customers. That gave him an advantage later because Nike’s early business was built around serving runners.

One famous early lesson from Knight’s life is that his father reportedly did not simply hand him a summer job at the family-connected newspaper. Knight worked elsewhere and learned to earn his own way. That story fits the pattern of his later career: selling shoes out of a car, managing cash shortages, and taking business risks before Nike became famous.

His first major career step was not a huge corporate launch. It was a small import idea: bring Japanese running shoes to the U.S. market and sell them to athletes. The turning point came when Knight and Bowerman formed Blue Ribbon Sports in 1964 with a small amount of startup money.

Nike did not begin as a luxury brand. It began as a scrappy running-shoe distributor.

Career Timeline

YearMilestoneWhat happenedNet worth impact
1938BirthPhilip Hampson Knight was born in Portland, Oregon.None yet
1950sTrack at OregonKnight ran track at the University of Oregon under Bill Bowerman.Built the relationship that later created Nike
1959University of Oregon degreeKnight earned a business degree.Helped form his business foundation
1962Stanford MBAKnight completed his MBA and developed an import-business idea.Created the concept behind Blue Ribbon Sports
1964Blue Ribbon Sports foundedKnight and Bowerman started selling imported running shoes.First step toward Nike ownership
Late 1960sShoe sales grewKnight sold shoes at meets and built athlete relationships.Built early cash flow and brand credibility
1971Nike name and Swoosh eraBlue Ribbon Sports moved toward its own brand identity.Created the brand asset that later became Nike
1972Nike shoes launchedNike began selling its own footwear more directly.Shift from distributor to brand owner
1980Nike IPONike went public.Knight’s paper wealth became tied to public shares
1980s–1990sGlobal expansionNike grew through athlete endorsements, running, basketball, and global sports culture.Major increase in equity value
1984Michael Jordan dealNike signed Jordan, leading to the Air Jordan business.One of Nike’s most valuable brand moves
2004CEO transitionKnight stepped down as CEO.Wealth remained tied to Nike ownership
2016Chairman retirementKnight retired as chairman after more than five decades at Nike.Reduced operating role, not ownership exposure
2016Shoe Dog publishedKnight released his memoir.Added public storytelling value, not a major wealth driver
2021Wealth high periodNike stock traded near highs, pushing Knight’s estimated wealth above $60 billion in some trackers.Peak paper wealth period
2025Nike revenue declineNike fiscal 2025 revenue fell to $46.3 billion from $51.4 billion in fiscal 2024.Weighed on stock-linked wealth
2025$2 billion OHSU pledgePhil and Penny Knight pledged a record gift to the Knight Cancer Institute.Major philanthropic commitment
2026Nike turnaround periodNike reported flat Q3 fiscal 2026 revenue and continued restructuring efforts.Continued pressure on stock-based wealth
April 2026Latest estimateForbes real-time tracker placed Knight around $25.7 billion.Latest public estimate

Businesses and Ownership

Nike

Nike is the core of Phil Knight’s fortune. He co-founded the company in 1964 as Blue Ribbon Sports with Bill Bowerman. It later became Nike, Inc., one of the most valuable sportswear companies in the world.

Nike’s business includes:

Business areaDetails
FootwearNike’s largest product category and the heart of the brand.
ApparelSportswear, training gear, lifestyle clothing, and team products.
Equipment and accessoriesBags, sports gear, and other products.
ConverseNike owns Converse.
Jordan BrandBuilt from the Michael Jordan partnership and now one of Nike’s most important businesses.
Nike DirectNike-owned stores and digital channels.
WholesaleSales through retail partners and distributors.

Nike reported $46.3 billion in fiscal 2025 revenue. That was down from fiscal 2024, which helps explain why Knight’s fortune has declined from past highs.

Swoosh, LLC and Family-Linked Nike Shares

A key part of Knight’s wealth is the Nike stock connected to Swoosh, LLC, an entity formed to hold a large portion of Knight’s Class A Nike shares. Bloomberg’s analysis credits Knight and family-related holdings together because of Knight’s founder and family-patriarch status.

This is important because casual net worth pages often count only shares in Knight’s personal name. That can badly understate his real wealth. The more complete method includes family-linked and Swoosh-held Nike shares where appropriate, while excluding charitable foundation shares.

Laika

Knight is also linked to Laika, the stop-motion animation studio known for films such as Coraline, ParaNorman, The Boxtrolls, Kubo and the Two Strings, and Missing Link. Laika is private, so its exact value is not publicly known.

Laika is not the main driver of Knight’s net worth. Nike is. But Laika matters because it shows Knight’s interests outside footwear and sportswear, and it connects to his family’s public business activity through Travis Knight.

Other Investments

Bloomberg’s methodology indicates Knight has collected large proceeds over time from Nike dividends and stock sales. The exact investment portfolio is private, so it should not be treated as fully known. A reasonable public estimate includes:

Asset typeStatus
Nike sharesConfirmed major source
Nike dividendsConfirmed public-company dividend stream
Stock-sale proceedsReported by wealth trackers
Private investmentsLikely, but not fully public
LaikaPrivate, value not fully public
Real estatePublic details are limited and should be treated carefully

Net Worth 2025 vs. Latest Net Worth

Year / DateEstimated net worthDollar changePercentage changeMain reason
2025 estimateAbout $35.4 billionNike shares still valuable, though below 2021 highs
April 29, 2026 estimateAbout $25.7 billion-$9.7 billion-27.4%Nike stock decline and weaker business outlook
March 1, 2026 annual Forbes listAbout $31.1 billionDown from 2025 estimateDown meaningfullyForbes annual list captured a higher Nike price than late April 2026

Knight’s wealth declined mainly because Nike stock declined. Nike is a public company, so a drop in market value can quickly reduce the estimated wealth of a founder whose fortune is tied to shares.

Nike’s fiscal 2025 revenue fell to $46.3 billion from $51.4 billion in fiscal 2024. In fiscal 2026, the company was still working through a turnaround. Nike reported third-quarter fiscal 2026 revenue of $11.3 billion, flat on a reported basis and down on a currency-neutral basis. Those business conditions kept pressure on Nike’s valuation.

This is why Knight’s net worth can move by hundreds of millions of dollars in a single trading day. The wealth is real, but much of it is stock-linked and illiquid.

Wealth High and Low

Highest known net worth

Knight’s highest widely reported public wealth period came around 2021, when Nike stock traded much higher and some public trackers placed his fortune above $60 billion. That peak was driven by Nike’s strong stock performance during a period when large consumer brands and growth stocks traded at richer valuations.

Lowest recent net worth

His lowest recent public estimate is around the mid-$20 billion range in April 2026. Forbes listed his real-time net worth at about $25.7 billion on April 29, 2026, while Bloomberg’s late-April 2026 data also showed a major year-to-date decline.

Why the high happened

The high was caused by:

FactorImpact
Strong Nike stockIncreased the value of Knight-linked shares
Investor optimismPushed consumer-brand valuations higher
Nike brand strengthSupported premium market pricing
Jordan Brand and global growthHelped Nike remain a leading sportswear company

Why the low happened

The more recent decline was caused by:

FactorImpact
Nike stock weaknessReduced the value of Knight-linked equity
Revenue pressureLower fiscal 2025 sales hurt investor confidence
Turnaround uncertaintyInvestors waited for clearer improvement
Margin pressurePromotions, tariffs, and channel shifts weighed on results
Market rotationInvestors moved away from some consumer growth names

Public data does not give an exact official high-low chart for Knight’s personal wealth. The best available range is a public estimate: above $60 billion at the high point in 2021 and about $25 billion to $26 billion in late April 2026.

Income Sources

Income sourceEstimated valueFrequencyReliabilityNotes
Nike equityRoughly $12.9 billion for about 290 million credited shares at $44.39 per shareMarket value changes dailyHighBloomberg credits Swoosh and family-linked shares to Knight in its analysis.
Nike dividendsPotentially hundreds of millions per year before taxes across credited family-linked holdingsQuarterlyMediumNike pays dividends, but exact personal receipt after entity structure and taxes is not fully public.
Stock-sale proceeds and investmentsLikely billions accumulated over decadesIrregularMediumBloomberg says cash investments are based on proceeds, taxes, market performance, and charitable gifts.
LaikaUnknown private valueNot regular incomeMedium-LowPrivate company; value is not publicly disclosed.
Book royaltiesLikely meaningful but small compared with Nike wealthOngoingLow-MediumShoe Dog was a major business memoir, but royalties are not publicly itemized.
SalaryNot a current major sourceNone or limitedHighKnight is chairman emeritus, not Nike’s operating CEO.
Real estateUnknown public valueAsset value, not incomeLowReliable public valuation is limited; private addresses are not included.
Endorsements / sponsorshipsNot a known major sourceNot applicableHighKnight built Nike; he is not primarily an endorser.
CryptoNo reliable public evidence of a major holdingUnknownLowNot included in the estimate.
Sports contracts / touring / streamingNot relevantNot applicableHighKnight is a business founder, not an athlete or performer.

The main point is simple: Knight’s wealth is driven by ownership, not salary. He became rich because Nike became valuable, not because he collected a celebrity paycheck.

Property and Assets

Reliable public data on Knight’s personal property portfolio is limited. Some websites discuss homes, jets, or private real estate, but many of those details are thinly sourced and not necessary to estimate his wealth.

A careful asset summary looks like this:

Asset categoryPublicly supportable summary
Nike sharesMajor confirmed asset class
Cash and investmentsEstimated by wealth trackers from dividends and stock-sale proceeds
LaikaPrivate business interest connected to the Knight family
Real estatePublic details exist in scattered reports, but exact addresses are excluded
Jets / cars / yachtsNot reliable enough to treat as core wealth evidence
Charitable foundation assetsNot counted as personal wealth when donated or controlled by charity

Knight’s most important “asset” remains Nike-linked equity. Real estate and lifestyle assets may be valuable, but they are not the reason he is a billionaire.

Lifestyle

Knight’s lifestyle is less public than many celebrity billionaires. He is not mainly known for showing off cars, yachts, jewelry, or social media luxury. His public spending profile is more connected to philanthropy, sports, education, and Oregon institutions.

Philanthropy

Phil and Penny Knight have made some of the largest charitable gifts in American history. Their giving has supported:

AreaExamples
Cancer researchOHSU Knight Cancer Institute
Higher educationUniversity of Oregon and Stanford
AthleticsUniversity of Oregon sports facilities and programs
Science and researchLarge academic and medical gifts

In 2025, Phil and Penny Knight pledged $2 billion to Oregon Health & Science University’s Knight Cancer Institute. Public reports described it as a record-breaking gift for a U.S. university or academic health center.

That pledge matters for net worth analysis because charitable gifts can reduce personal wealth, but they do not always reduce published net worth immediately in a simple way. Timing, asset transfer structure, and whether the gift is pledged or completed can affect how trackers treat it.

Controversies and Legal Issues

Nike labor criticism

Nike faced major criticism in the 1990s and 2000s over labor conditions in overseas contract factories. Critics focused on wages, hours, worker treatment, and supply-chain transparency. Nike later made reforms, including more supplier disclosure and labor-compliance work.

This is relevant to Knight because he was Nike’s top leader during the period when the brand became a global symbol of both sports marketing success and globalization criticism. It does not mean every allegation was personally directed at Knight, but the controversy is part of Nike’s business history.

Blue Ribbon Sports and Onitsuka dispute

Before Nike became Nike, Blue Ribbon Sports had a business relationship with Japanese shoemaker Onitsuka Tiger. The relationship broke down, leading to legal conflict. That dispute pushed Knight and Bowerman further toward building their own brand.

In business terms, the conflict was a risk. In hindsight, it became a turning point that helped Nike become independent.

Political donations

Knight’s political giving in Oregon has drawn public attention and criticism. Reports in 2025 described a $3 million contribution to a Republican legislative PAC and noted that his Oregon political giving had become a major state-level issue.

Political giving does not directly change his net worth in a large way compared with Nike stock moves, but it affects public perception.

Reputation impact

None of these issues erased Nike’s brand power, but they add balance to Knight’s profile. His story is not only about wealth creation. It also includes labor debates, political influence, legal disputes, and questions about the responsibilities of a global brand.

Ranking

Ranking categoryLatest public context
Billionaire statusYes, Phil Knight is a billionaire.
Forbes real-time world rankingAround #98 on April 29, 2026
Forbes 2026 annual billionaire list#68, based on March 1, 2026 information
CountryUnited States
IndustryFashion & retail / consumer
Oregon rankingWidely reported as Oregon’s richest person in recent Forbes-based state rankings
Main ranking sourceForbes and Bloomberg billionaire trackers

Knight’s rank changes because Nike stock changes. A March 2026 annual list and an April 2026 real-time list can show different ranks because the market moved in between.

Comparison With Similar People

PersonEstimated net worthMain source of wealthIndustryWho is richer?Reason
Phil KnightAbout $25.7 billionNikeSportswear / consumerFounder wealth tied to Nike stock
Bernard ArnaultAbout $170B+ range in 2026 reportsLVMHLuxury goodsArnaultLarger controlling stake in a luxury empire
Rob WaltonAbove $100B in 2026 Forbes rankingsWalmartRetailWaltonWalmart family stake is much larger
Ralph LaurenAround $8B+ range in 2026 public estimatesRalph Lauren Corp.FashionKnightNike stake is worth far more
Jim DavisAround $7B–$8B range in Bloomberg 2026 dataNew BalanceSportswearKnightNike is a larger public company
Michael JordanAbout $4.3 billion in 2026 Forbes-based reportsJordan Brand royalties, Hornets sale, investmentsSports / endorsementsKnightKnight’s founder equity is larger
LeBron JamesAround $1B+ range in public estimatesNBA salary, endorsements, investmentsSportsKnightAthlete wealth is smaller than founder equity
Tim BoyleAround $2B+ range in 2025 Forbes-based Oregon reportsColumbia SportswearApparelKnightNike’s scale is much larger

Knight is richer than most sports figures, fashion founders, and athletic-brand peers. He is not richer than the largest retail-family billionaires or luxury conglomerate leaders.

Why Net Worth Estimates Differ

Net worth estimates differ because billionaire wealth is not simple. In Knight’s case, the biggest reasons are:

ReasonExplanation
Public shares move dailyNike stock changes every trading day.
Class A shares do not trade directlyNike Class A shares are convertible to Class B shares, but they are not traded the same way.
Family and entity holdings are complexSwoosh, LLC, trusts, family holdings, and charitable holdings require judgment.
Private assets are hard to valueLaika and private investments do not have daily market prices.
Taxes are estimatedWealth trackers usually estimate tax effects, but exact tax details are private.
Debt may not be fully publicPersonal liabilities are rarely fully disclosed.
Charitable gifts can be hard to timeA pledge and a completed transfer are not always the same for wealth tracking.
Net worth is not cashStock-linked wealth can be large but illiquid.
Trackers update at different timesForbes, Bloomberg, and other sources may use different dates and prices.

A net worth estimate should be treated as a best public approximation, not a guaranteed exact number.

How We Estimated Net Worth

This estimate uses a transparent public-source method:

  1. Start with Forbes’ real-time estimate of about $25.7 billion on April 29, 2026.
  2. Compare Bloomberg’s billionaire methodology, which credits Swoosh-held and family-linked Nike shares to Knight in its analysis.
  3. Review Nike filings and proxy information to understand Swoosh, LLC, Class A shares, and ownership structure.
  4. Use Nike’s current stock price and market cap to explain why the estimate changes daily.
  5. Use Nike’s 2025 annual report and fiscal 2026 results to connect business performance with wealth movement.
  6. Separate personal wealth from charity assets, because donated assets are not the same as personal spending money.
  7. Avoid unsupported property claims, because real estate and lifestyle estimates are often unreliable.

The result is an estimated net worth, not an exact audit. The strongest number available for late April 2026 is about $25.7 billion, with a reasonable public range around the mid-$20 billions depending on the market date and methodology.

Latest Updates

Update typeLatest available information
Most recent wealth changeForbes listed Knight at about $25.7 billion on April 29, 2026, down sharply from 2025 estimates.
Most recent business updateNike reported Q3 fiscal 2026 revenue of $11.3 billion, flat on a reported basis.
Most recent ranking updateForbes real-time ranking placed Knight around #98 globally on April 29, 2026.
Most recent ownership contextBloomberg’s 2026 profile credited Swoosh and family-linked Nike shares to Knight for wealth analysis.
Most recent philanthropy updatePhil and Penny Knight’s 2025 $2 billion OHSU pledge remained one of the biggest public charitable gifts in U.S. higher education and health care.
Date of latest available informationApril 29, 2026

FAQ

What is Phil Knight’s net worth?

Phil Knight’s net worth is estimated at about $25.7 billion as of April 29, 2026. The number changes with Nike’s stock price.

How did Phil Knight get rich?

He got rich by co-founding Nike and keeping a major ownership-linked position as the company grew into a global sportswear giant.

What is Phil Knight’s salary?

Phil Knight is not currently known for a major Nike salary. His wealth comes mainly from Nike equity, dividends, stock-sale proceeds, and investments.

How much does Phil Knight make per year?

His annual income is not publicly exact. It likely varies based on Nike dividends, investment returns, and stock transactions, while his net worth changes mainly with Nike’s share price.

Is Phil Knight a billionaire?

Yes. Phil Knight is a billionaire. Forbes and Bloomberg both track him among the world’s richest people.

What businesses does Phil Knight own?

Knight is best known for Nike. He is also publicly linked to Laika, the stop-motion animation studio. Nike remains the main source of his wealth.

What is Phil Knight’s biggest income source?

His biggest wealth source is Nike stock connected to him and his family, not salary.

How much was Phil Knight worth in 2025?

A widely reported 2025 estimate placed Knight around $35.4 billion. His fortune was lower by April 2026 because Nike’s market value declined.

Why do Phil Knight net worth estimates differ?

They differ because Nike shares move daily, Swoosh and family holdings are complex, private assets are hard to value, taxes are estimated, and net worth is not the same as cash.

Who is richer, Phil Knight or Michael Jordan?

Phil Knight is richer. In 2026, Knight was estimated around $25.7 billion, while Forbes-based reports placed Michael Jordan around $4.3 billion.

Does Phil Knight own real estate?

Public reports discuss real estate linked to Knight, but reliable details are limited. This article does not include exact addresses or private property details.

What is Phil Knight’s latest ranking?

Forbes’ real-time billionaire tracker placed Knight around #98 globally on April 29, 2026. His rank can change daily.

Conclusion

Phil Knight net worth is best understood as a Nike-driven fortune, not a pile of cash. His latest public estimate is about $25.7 billion as of April 29, 2026, down from roughly $35.4 billion in 2025 because Nike’s stock and valuation weakened. Knight’s biggest asset remains Nike-linked equity credited through family and Swoosh-related holdings, while dividends, stock-sale proceeds, investments, and Laika add context.

The key lesson is that billionaire net worth is an estimate. For Knight, it rises and falls with Nike’s market price, public filings, private-asset assumptions, taxes, and charitable giving. Even after a major decline from his 2021 high, Phil Knight remains one of America’s most successful self-made business founders.

Source Notes

Source namePage titleWhat it was used forLink
ForbesPhil Knight & family profileLatest real-time estimate, April 29, 2026 ranking, 2026 annual billionaire list context
BloombergBloomberg Billionaires Index: Phil Knight & familyOwnership methodology, Swoosh and family-linked Nike shares, April 2026 YTD wealth movement
Nike Investor RelationsNIKE, Inc. Reports Fiscal 2026 Third Quarter ResultsQ3 fiscal 2026 revenue, dividend return, current business update
SECNike 2025 Form 10-KNike business description, fiscal 2025 revenue, 2025 annual-report facts
Nike official websitePhil Knight, Chairman EmeritusOfficial role, Nike leadership background
Nike 2025 ProxyNike 2025 Proxy StatementSwoosh, LLC and Class A share ownership context
BritannicaPhil Knight BiographyBirth date, birthplace, co-founder background, education context
AP NewsPhil and Penny Knight $2 billion OHSU pledge2025 philanthropy update and gift context
Axios PortlandOregon billionaires / Phil Knight 20252025 Forbes-based net worth and Oregon ranking context
Google Finance / Finance dataNike stock quoteApril 29, 2026 Nike share price and market cap context
OPBPhil Knight Oregon political givingPublic political-donation context
ProPublicaNike factory worker / labor-history reportingLabor criticism and supply-chain controversy context
Forbes / Yahoo SportsMichael Jordan 2026 net worthComparison table
BloombergJim Davis profileNew Balance comparison and sportswear peer context
ForbesTop 10 Richest People in the World, April 2026Rob Walton, Bernard Arnault, and ranking comparison context

About the author
Colleen Hoover
Colleen Hoover is a bestselling American author known for emotional romance, young adult fiction, and psychological thrillers, including It Ends with Us, Verity, and Ugly Love.

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